COST CENTERCOST

PRODUCT ACCOUNTING
CONTROLLING
END USER TRAINING DOCUMENTS

CO88 Settlement product cost collector collective

Functionality

Collective settlement for all product cost collector is done through this transaction
In the production process the product cost collector is debited with actual costs such as raw
material and packing material consumption, consumption of various activities such as
labour, machine hours etc. The actual cost posted can be different then standards. The
difference between the debits and credits on the product cost collector are settled to FI,
PCA and COPA through this transaction.
During this settlement, either WIP (at target cost) or Variance or both are posted.

Scenario

You want to post WIP or Variance, which is the last step in the cost object controlling for all
the product cost collectors for a plant. Alternatively you can do for all plants by keeping the
plant filed blank.

Requirements

WIP and Variance was calculated.

Menu Path Accounting Controlling Product Cost Controlling

Cost Object Controlling Product Cost by Period
Period-End Closing Single Functions: Product Cost
Collector Settlement CO88 - Collective Processing
CO88 - Collective Processing
Transaction Code CO88

1. Double click on CO88 - Collective Processing

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Actual Settlement: Production/process orders

2. Click the With production orders checkbox to deselect.

3. Click the With process orders checkbox to deselect.

4. Click the With QM orders checkbox to deselect.

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5. Update the following fields:

Field Name Field Description Values

Plant Code identifying the operational 1200
unit of the company where the
material is manufactured and
stored
Settlement period The period in which product 10
cost collectors are to be settled.
Fiscal year The year in which product cost 2002
collectors are to be settled.

Note: As settlement period differs from posting period you need to specify the
posting period in separate field. Such situation can happen due to a requirement of
a mistake correction.

6. Click the Test run checkbox to deselect.

7. Click the Detail list checkbox to select.

8. Click the Execute button.

9. Click the Detail list button.

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Actual Settlement: Production/process orders Detail list

10. Select the ORD 8000021 TPS-1 Production version

entry.

11. Click the Accounting documents button.

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List of Documents in Accounting

12. Click the Accounting document entry.

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Display Document: Overview

13. Click the Back button.

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Actual Settlement: Production/process orders Detail list

14. Click the Cancel button.

15. Click the Back button.

16. Click the Back button.

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